FSMSmart Reviews

FSMSmart is an unlicensedForex & Bitcoin broker, that opened in November 2017. You may have received an unsolicited phone call from one of their sales agents.

FSMSmart Review

The broker FSM Smart offers investors and speculators CFD and Forex trading on assets like Forex, Bitcoin, Stocks, Oil, Gold, and Market Indexes. They have available more than 650 underlying assets to trade. Spreads on the Forex pair Euro US Dollar, is 3 pips for beginners. Leverage and margin available is an extremely high 400:1 going up to 1000:1. These levels of margin are appealing to uneducated new investors, but not at all smart to utilize.

FSMSmart is a classic MT4 broker. They offer the web-based trading platform, along with the classic MT4 desktop software. Investors can also download the MT4 mobile trading apps for Android and iOS from the app stores.

Robo advisors and automated trading software is a popular concept with new investors. However, you must be very careful, and make sure you don’t fall for one of the scams that are promoted via email marketing and cold calling.

FSMSmart License Check

When traders and investors compare an online investing company, they always look for a Forex broker that is licensed and regulated in their home country. The most widely respected regulator of Forex broker in the world, is ASIC Australia.

Using an unlicensed broker is the cause of many complaints from investors in the forum.

FSMSmart is not licensed and not regulated. You can find the most popular licensed brokers listed here.

Disclosure: ScamOption.com is a Brokers Review Website. The website does not offer investment advice. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from companies we write about. Always verify that the broker you choose to invest with, is licensed and regulated by your local financial regulator.